First Trust Advisors LP decreased its position in shares of Ultra Clean Holdings Inc (NASDAQ:UCTT) by 2.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 51,404 shares of the semiconductor company’s stock after selling 1,210 shares during the period. First Trust Advisors LP owned 0.13% of Ultra Clean worth $435,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. raised its holdings in Ultra Clean by 57.8% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 3,362 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 1,231 shares in the last quarter. James Investment Research Inc. increased its stake in shares of Ultra Clean by 9.5% in the fourth quarter. James Investment Research Inc. now owns 22,040 shares of the semiconductor company’s stock worth $187,000 after purchasing an additional 1,920 shares during the period. NJ State Employees Deferred Compensation Plan increased its stake in shares of Ultra Clean by 4.0% in the fourth quarter. NJ State Employees Deferred Compensation Plan now owns 52,000 shares of the semiconductor company’s stock worth $440,000 after purchasing an additional 2,000 shares during the period. Bank of Montreal Can increased its stake in shares of Ultra Clean by 170.5% in the fourth quarter. Bank of Montreal Can now owns 4,184 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 2,637 shares during the period. Finally, Arizona State Retirement System increased its stake in shares of Ultra Clean by 6.5% in the fourth quarter. Arizona State Retirement System now owns 60,081 shares of the semiconductor company’s stock worth $509,000 after purchasing an additional 3,671 shares during the period. 92.05% of the stock is owned by hedge funds and other institutional investors.
A number of research firms recently weighed in on UCTT. BidaskClub raised Ultra Clean from a “hold” rating to a “buy” rating in a research report on Tuesday, February 5th. Craig Hallum downgraded Ultra Clean from a “buy” rating to a “hold” rating in a research report on Friday, February 22nd. Needham & Company LLC reissued a “buy” rating and set a $15.00 target price (up from $13.00) on shares of Ultra Clean in a research report on Friday, February 22nd. Finally, ValuEngine raised Ultra Clean from a “sell” rating to a “hold” rating in a research report on Tuesday, February 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. Ultra Clean has an average rating of “Buy” and an average price target of $20.60.
Ultra Clean (NASDAQ:UCTT) last released its quarterly earnings data on Thursday, February 21st. The semiconductor company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). The company had revenue of $257.39 million for the quarter, compared to analyst estimates of $248.30 million. Ultra Clean had a net margin of 3.34% and a return on equity of 15.42%. On average, analysts predict that Ultra Clean Holdings Inc will post 0.86 earnings per share for the current year.
In other news, CFO Sheri Savage sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $10.17, for a total value of $305,100.00. Following the transaction, the chief financial officer now directly owns 135,491 shares of the company’s stock, valued at approximately $1,377,943.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.90% of the stock is currently owned by insiders.
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About Ultra Clean
Ultra Clean Holdings, Inc designs, develops, prototypes, engineers, manufactures, and tests production tools, modules, and subsystems for the semiconductor and display capital equipment industries primarily in North America, Asia, and Europe. It offers precision robotic systems that are used when accurate controlled motion is required; gas delivery systems, which include one or more gas lines consisting of small diameter internally polished stainless steel tubing products, filters, mass flow controllers, regulators, pressure transducers and valves, component heaters, and an integrated electronic and/or pneumatic control system; and various industrial and automation production equipment products.
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